Sheffield’s BHP has merged with a Cleckheaton company to form one of the 40 largest accounting firms in the UK.
The deal with Clough & Company creates a regional practice with six offices - including Chesterfield and Leeds - some 270 people and revenues approaching £18 million,
It is BHP’s third merger in the last five years. The firm claims to be Yorkshire’s largest regional firm of chartered accountants,
John Warner, BHP’s managing partner, said: “The merger with Clough & Company is a further step towards our vision of being the independent firm of choice across our region. We have always admired Clough & Company as a long-established brand in the West Yorkshire marketplace.
“They very much share our values and culture, not only providing the highest quality advice to clients but also employing and developing the best people. In particular the merger will add significant scale to our West Yorkshire offering, currently run out of our rapidly expanding office in Leeds”.
The existing Chain Bar office will trade and be branded as BHP Clough & Company. The merger also sees Clough & Company’s financial services team join BHP Financial Planning Limited, while the two firms’ corporate recovery and insolvency teams will become BHP Clough Corporate Solutions.
It also coincides with the retirement of Clough & Company partners Steven Gash and Nigel Westman. Both remain as consultants.
Nigel Bullas, Clough’s managing partner, added: “As part of our long term growth strategy we identified the need for an international presence, which BHP’s membership of Kreston International will provide.”